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REGISTERED NUMBER: 04323278 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Carnarvon Property Rentals Limited

Carnarvon Property Rentals Limited (Registered number: 04323278)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Carnarvon Property Rentals Limited (Registered number: 04323278)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 203 406
Investment property 5 965,000 965,000
965,203 965,406

CURRENT ASSETS
Debtors 6 8,899 3,118
Cash at bank and in hand 8,779 16,628
17,678 19,746
CREDITORS
Amounts falling due within one year 7 (279,035 ) (254,694 )
NET CURRENT LIABILITIES (261,357 ) (234,948 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

703,846

730,458

PROVISIONS FOR LIABILITIES (83,411 ) (83,412 )
NET ASSETS 620,435 647,046

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 8 520,702 520,702
Retained earnings 99,433 126,044
SHAREHOLDERS' FUNDS 620,435 647,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Carnarvon Property Rentals Limited (Registered number: 04323278)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2024 and were signed by:





Mrs J S Ashmore - Director


Carnarvon Property Rentals Limited (Registered number: 04323278)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Carnarvon Property Rentals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04323278

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total rental & consultancy income receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on cost

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss account.

Financial instruments
Financial assets and financial liabilities are recognised in the company's balance sheet when the company
becomes party to the contractual provisions of the instrument. These are carried at transactional costs within the company's balance sheet.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Carnarvon Property Rentals Limited (Registered number: 04323278)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors & creditors
Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 812
DEPRECIATION
At 1 December 2022 406
Charge for year 203
At 30 November 2023 609
NET BOOK VALUE
At 30 November 2023 203
At 30 November 2022 406

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 965,000
NET BOOK VALUE
At 30 November 2023 965,000
At 30 November 2022 965,000

Carnarvon Property Rentals Limited (Registered number: 04323278)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2015 439,114
Valuation in 2017 100,000
Valuation in 2018 65,000
Cost 360,886
965,000

The investment properties were valued on a fair value basis on 30 November 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 7,000 1,325
Other debtors 1,899 1,793
8,899 3,118

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Taxation and social security 1,077 2,303
Other creditors 277,958 252,391
279,035 254,694

8. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 520,702